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THIS PARTNERSHIP DEED made and executed on the 12th "4th day of

November November, 2022 BY AND BETWEEN:

1) SRI KOLANGI N. aged about 43 years, son of Nallathambhi, Residing at


No.5/A, 4th ‘A’ Cross, Cholanayakanahalli, Bangalore North, Bangalore –
560032, Hereinafter called the FIRST PARTY;

AND

2) SMT. AMRUTA VIPIN BORKAR. aged about 36. Years, wife of Mr. Vipin
Borkar, Residing at No.77, Prestige Woodside, Avalahalli, Yelahanka, Bangalore
North, Bangalore – 560064. Hereinafter called the SECOND PARTY:
WHEREAS the Parties herein above formed the partnership to have been
carrying on the business of dealing in Real Estate development, joint
venture/development, land development, management, promotion, construction,
formation of residential layouts, township, construction of commercial
complexes, residential flats, construction of roads of various agencies,
multiplexes, apartments, public works and such other activities, under the name
and style of "HOMEDEZ" with their principal place of business situated at No:
792, MIG 2nd Stage, Yelahanka New Town, Bangalore – 560064. by virtue of a
Deed of Partnership dated 12th day of November, 2022.;

WHEREAS the parties herein feel it expedient to have the terms and conditions
of their partnership reduced into writing and to have the same evidenced by this
deed of partnership

NOW THIS PARTNERSHIP DEED WITNESSETH AS FOLLOWS:

1. This Partnership among the Parties herein has come into existence on and
from todaym today i.e., 4th Day of November12th day of November, 2022.

2 The name of the firm shall continue to be "HOMEDEZ" However, with the
mutual consent of all the parties herein, the name of the firm may be changed to
any other name/s from time to time.

3. The nature of the business shall continue to be that of carrying on the


business of - dealing in Real Estate development, joint venture/development,
land development, management, promotion, construction, formation of
residential layouts, township, construction of commercial complexes, residential
flats, construction of roads of various agencies, multiplexes, apartments, public
works and such other activities. And Sapling (Nursery business). However, with
the mutual consent of all the Parties herein, any other business may be carried
on by this firm from time to time.

4. The Principal place of business shall continue to be situated at No: 792, MIG
2nd Stage, Yelahanka New Town, Bangalore – 560064. However, with the
mutual consent of all the Parties herein, the principal place of business may be
shifted to any other place/s from time to time.

5. Branch/es may continue to be opened as and when the Parties herein decide
to do so and the branch/es so opened may be closed with the mutual consent of
all the Parties herein from time to time.

6. The Partnership shall continue to be one AT WILL. Death, Retirement or


Insolvency of partner/s does not automatically dissolve the firm. The remaining
Party may continue the firm admitting the successor/legal representatives as a
Partner.

7. The Parties herein are permitted to purchase the Properties in the name of the
Firm or with a combination of two or more parties herein out of the Firm Funds.
The Properties so purchased shall be the Property of the Firm and the Parties
herein shall have no right, title and interest over such Property. Similarly, the
Profit/loss arising on sale of Properties shall be the Profit/Loss of the Firm and
the Parties herein shall not have any claim on the Profits and similarly the
Parties herein shall not be liable for any losses.

8. The Capital of the firm shall continue to be Rs. 10,00,000/- (Rupees Ten
Lakhs only) which shall be contributed by the Parties herein as under

FIRST PARTY SRI. KOLANGI N. Rs. 50 %

SECOND PARTY SMT. AMRUTA VIPIN BORKAR Rs. 50 %

The above capital may be contributed by the Parties herein in such manner, at
such times and in such amounts and instalments as may be mutually agreed to
by the parties herein from time to time. The aforesaid capital need not be kept
fixed and the same can be increased, decreased or varied as and when the
Parties herein may decide from time to time. The capital so contributed shall
bear interest at the maximum rate

Specified by the Income Tax Act, 1961 which shall be treated as expenditure of
the firm in determining the profit or losses of the firm as per Clause (10) infra.
However, if any of the Parties herein contributes any amount specifically as loan,
the same shall bear interest at such rate as may be mutually agreed to by all the
Parties herein from time to time and such interest shall also be treated as an
expenditure of the firm in determining the profit or losses of the firm as per
Clause (10) infra.

9. The First Party herein shall continue to be the managing partner and other
partner/s shall continue to be working partner/s working Partner/s and
managing partner/s shall be entitled to Remuneration The First Party herein shall
continue to be the Working Partner and shall be entitled to Remuneration. The
maximum amount of remuneration payable to the partner/sFirst Party will be
allowed as a deduction in computing the taxable income of the partnership firm
under the provisions of Section 40 (b) of the income Tax Act, 1961, shall be first
calculated and the same is referred to as the "Eligible Remuneration". The
amount of Eligible Remuneration calculated in the manner mentioned above for
any year, shall be taken to be the amount of total remuneration payable to the
managing and wWorking Partner/s is given below and the same shall be the
aggregate of the amounts mentioned in 'a, and b below:
a) On the first Rs. 3,00,000/ of the Book profit or in case of loss Rs.
1,50,000/- or at the rate of 90% of the Book profit whichever is more.

b) On the balance of the Book Profit At the rate of 60% of Book Profit.

The Eligible Remuneration so derived shall be the remuneration of the


managing and working Partner/s. In case of insufficiency of profits or in
case of loss, the total remuneration payable to the managing/ working
partner/s shall be decided by mutual discussion and consent of all partners
restricted to Rs. 1,50,000/-..

The remuneration payable to the managing/Wworking Partner/s under this


clause shall be claimed as an expenditure before ascertaining the profits or
losses of the Firm under clause (10) infra.

10. Proper books of accounts shall continue to be maintained with all Vouchers,
Receipts, Invoices, Bills and such other documents that are required to be
maintained under the respective applicable Act/s, Laws.

March of every year for the purpose of ascertaining the Profits or Losses of the
firm. The Profits or Losses of the firm shall be ascertained after giving effect to
interest. If any, payable under Clause (8) supra and remuneration under Clause
(9) supra. The Profits or Losses so ascertained shall be divided and distributed
among the parties herein in the following manner

FIRST PARTY SRI. KOLANGI N. Rs. 50 %

SECOND PARTY SMT. AMRUTA VIPIN BORKAR Rs. 50 %

11. Any variation in the rate of interest specified in Clause (8) supra, if effected,
with the mutual agreement of the Parties herein from time to time or any
decisions taken by the Parties herein regarding payment of Interest shall be
construed as having been authorised by this deed and shall have the same effect
as if such decision is incorporated in the deed from the date from which such
decisions shall be given effect to by the Parties herein and consequently, the
same shall be given effect to in determining the Profits or Losses in Clause (10)
supra.

12. Bank Account/s may be opened in the name of the Firm and
account/s so opened shall be operated by joint signature of First Party
with any one of the other two parties herein. All the money/s lying in such
account/s shall be the property of this Firm.

13. Loan or loans may continue be borrowed in the name of the firm for the
purpose of the business of the firm and if borrowed shall continue to be raised
by the parties herein jointly and all such loans borrowed shall be evidenced by
Bills, Pronates, etc., signed by the parties herein jointly.

14. In case of any dispute arising among the Parties herein relating to the
business of the firm or to any other matter relating to the firm or arising out of
the relationship. Among the Parties herein as Partners of the firm, the same
shall be referred to arbitration and shall be settled in accordance with the
provisions of the Arbitration and

Conciliation Act, 1996.

15. The Parties herein may be allowed to draw against their Profits depending
upon the liquidity, such sums as the Parties herein may decide from time to time
and such drawings shall not bear any interest.

16. Except to the extent provided in the foregoing clauses, the other provisions
of the Indian Partnership Act, 1932, shall continue to apply to this Partnership.

IN WITNESS WHEREOF THE PARTIES HEREIN HAVE HEREUNTO SET


THEIR HANDS IN ACCEPTANCE OF THE TERMS AND CONDITIONS
MENTIONED ABOVE ON THEDAY, MONTH AND YEAR HEREIN ABOVE
MENTIONED BEFORE THE FOLLOWING WITNESSES:

1)

2)

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